Kalkine Media ASX Share Market News & Research
Watchlist Sign Up/Login
Kalkine Media ASX Share Market News & Research

NZX 50 Lost 10.61 Points on Monday, Led by Consumer Staples Stocks

2 min read | May 24, 2021 08:33 PM NZST | By Team Kalkine Media
Google News: https://kalkinemedia.com/resources/assets/public/images/google-news.webp
NZX 50 Lost 10.61 Points on Monday, Led by Consumer Staples Stocks
Image source: Copyright © 2021 Kalkine Media Pty Ltd.

Recent News

thumbnail

Ryman Healthcare (NZX:RYM) FY25 Revenue Rises 10% to NZD 760.7m, Forec...

thumbnail

Lightspeed’s (TSX:LSPD) AI Retail Expansion Impacts the TSX Composite...

thumbnail

Power Corporation of Canada (TSX:POW) Boosts TSX Composite Index

thumbnail

A2 Milk Buys $257m NZ Plant to Boost China Growth

Make Kalkine Media
My Trusted Source

Google Source

On 24th May 2021, the broader market ended the session in red after selling pressure was witnessed in Consumer Staples stocks. However, buying in IT and Communications Services stocks, amonght others, provided some support but could not pull the broader market in positive territory. Therefore, NZX 50 declined by 0.09% to 12,449.00 and NZX 20 fell by 0.28% to 7,960.49. However, NZX All Information Technology rose by 1.36%.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

MidCap and SmallCap Outperformed Broader Market:

NZX 50 Index ended at 12,449.00, reflecting ~15.53% growth in the time frame of 1 year. Also, MidCap Index and SmallCap Index claimed the levels of 6,234.72 and 21,633.34 points, respectively. The following chart reflects that MidCap Index and SmallCap Index have outperformed NZX 50.

S&P/NZX 50 Index vs SmallCap Index vs MidCap Index – One Year Return

Source: EODHD/Others (Thomson Reuters)

Gainers and Losers:

DGL Group Limited (NZX: DGC), announced the successful completion of the IPO that would list on ASX and NZX. The Company garnered $100.0 million via the issuance of 100.0 million new shares at $1.00 per share. The offer, which was all new capital, witnessed an oversubscription.

NZ Automotive Investments Limited (NZX: NZA) stated that it would be announcing the full-year results on 28th May 2021.

Data Source: NZX, Table Source: Copyright © 2021 Kalkine Media

Movements on Wall Street:

On 21st May 2021, NASDAQ Composite declined by 0.48% to 13,470.99. Notably, Dow Jones Industrial Average increased by 0.36% to 34,207.84.

Also Read: NZX 50 added 22.44 points on Friday, Led by Buying in Consumer Staples Stocks

Disclaimer

The content on this website, including, but not limited to, any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (“Content”) is a service provided by Kalkine Media New Zealand Limited (Kalkine Media, we or us) and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide financial advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests users seek financial advice from a financial advice provider, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all liability to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without any express or implied warranties of any kind. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit a source wherever it is indicated or is found to be necessary or desirable.

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.